This bill amends the existing law regarding real estate and personal property tax exemptions for religious entities. Specifically, it modifies RSA 72:23, III by removing the requirement that church parsonages must be "occupied by their pastors" and instead includes provisions for parsonages that are "rented or vacant." This change allows for a broader interpretation of what qualifies for tax exemption, thereby enabling church parsonages leased for the purpose of applying net income to a pastor's housing allowance to be eligible for real estate tax exemptions.

The bill aims to support religious organizations by ensuring that their properties, including parsonages, are not penalized for being unoccupied or rented out, as long as the income is directed towards the pastor's housing allowance. The effective date for this amendment is set for July 1, 2025, allowing time for implementation and adjustment by the affected parties.

Statutes affected:
Introduced: 72:23, 674:76
As Amended by the Senate: 72:23, 674:76
As Amended by the House: 72:23
Version adopted by both bodies: 72:23
SB291 text: 72:23, 674:76